Juan Arsecio

Juan Arsecio Y. T. is 45 years old, married and lives with this wife and 3 children, they live in the area of Guaranda in the Province of Bolívar.

Juan belongs to the Ventanilla Casaiche Chilipamba located half an hour from Guaranda. It is a group that dedicates themselves to agriculture and stock breeding like dairy cows and pigs, the group has 20 members.

Juan grows corn, wheat, beans, and potatoes and breeds dairy cows. He buys in Guaranda and sells to a wholesale market in the same city.

He needs the loan to buy merchandize to grow corn, wheat, beans and potatoes and animals to fatten up and later sell. The loan will help him financially to meet his families’ needs. His dream is to be able to buy a home, car and fields to have his animals.

Additional Information

About Cooperativa San Jose

This loan is administered by Cooperativa San Jose, a 45,000-member credit union located high in the Andes Mountains of Ecuador’s poorest province, Bolivar. They offer a unique loan called “Ventanillas Rurales” [Window to the Countryside], which uses a group guarantee but is an individual loan with a savings component, mostly to rural borrowers. Due to low savings rates and a history of macroeconomic instability, many traditional loans in Ecuador demand interest rates that are prohibitively high for some borrowers. There is also a high incidence of extortionist black-market lending in Ecuador. CSJ helps mitigate these problems by providing a less onerous and more appropriate option. Join CSJ’s Lending Team!